The recent decline in the crypto market has made investors more cautious, with some taking advantage of the situation while others sold their holdings. However, whales, or large investors, have been accumulating Dogecoin, a popular meme coin. A crypto expert highlighted that during a recent dip, whales purchased 750 million DOGE coins, signaling confidence in the meme coin and suggesting a bullish outlook. However, based on recent price action, Dogecoin could face a further 10% price drop to reach its next support level at $0.22. If the price falls below $0.246, nearly $8 million worth of long positions will be liquidated.



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